2007-03-22 03:13:27 · 25 answers · asked by jennifer l 1 in Business & Finance ➔ Credit
All monetary proceeds received from all sources within one year's timeframe !!
OR--- the figure that the government uses to nail your butt to the barn door if you don't include every single thing up to and including that $ 10 that auntie Mae handed you last August as a "birthday thang" !!!
2007-03-22 03:24:36 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Annual Income is the amount of money you make a year from Jan01-Dec31. Your annual income affects your tax bracket (the rate at which the government taxes you). Your Annual income when answering any questionnaires, applications etc. should be the amount you are contracted with your employer not the amount you actually take home. You do not consider what taxes will be taken out when referring to your annual income.
2007-03-22 10:21:02 · answer #2 · answered by G1251 1 · 0⤊ 0⤋
Your income across a year.
Net Annual Income is after Tax, Gross Annual Income is before Tax.
2007-03-22 10:16:11 · answer #3 · answered by Bloke Ala Sarcasm 5 · 0⤊ 0⤋
The taxable amount of income earned through employment in one year. You will be sent a W-2 by your employer when it is time to concern yourself with annual income! If you are self employed keep records of expenditures and income so you will have an accurate record for the good old I.R.S., also you'll have to workout the taxable earned income through a different form than the 1040 and it is the1099. Good luck!
2007-03-22 10:22:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If this is regarding your taxes, your annual income is how much money you grossed over the course of a calendar year.
2007-03-22 10:16:54 · answer #5 · answered by Oxhead 3 · 0⤊ 0⤋
Your annual income is what you earn per year excluding any withholding taxes from income sources.
2007-03-22 10:18:21 · answer #6 · answered by taxgal2007 5 · 1⤊ 0⤋
The total sum of money you make in one year. It represents the amount before taxes and other deductions take place.
2007-03-22 10:17:08 · answer #7 · answered by ark 3 · 0⤊ 0⤋
The amount of money one earns in a year.
2007-03-22 10:15:43 · answer #8 · answered by Anonymous · 0⤊ 0⤋
The amount of money you earn in a year's time, from jobs, investments, savings interest, etc.
2007-03-22 10:16:06 · answer #9 · answered by Kerry 7 · 0⤊ 0⤋
Your complete gross income (before taxes withheld) for the complete year
2007-03-22 10:38:23 · answer #10 · answered by ThePleasurePlayground.com 2 · 0⤊ 0⤋